ACTION: Rio Tinto plc (“RTP”) announced a distribution of Rights to holders of Rio Tinto plc Ordinary Shares. The Rights were not registered in the United States and will not be distributed to holders of RTP American Depositary Shares (“ADS’s”). In lieu of the Rights, JP Morgan, as the agent for RTP, sold the rights in the home market and will distribute the proceeds of the sale to RTP ADS Holders. The distribution is $22.806123 per ADS (gross rate of $22.832373 - $0.02625 Depositary Fee).
The ADS record date is July 10, 2009. The payable date is July 17, 2009. The New York Stock Exchange (“NYSE”) has set July 8, 2009 as the ex-distribution date.
This corporate event will be coordinated with the Options Clearing Corporation.
CATEGORY: Cash Distribution
EQUITY SYMBOL: Rio Tinto plc (“RTP”)
ONECHICAGO SYMBOL: RTP1C Changes to RTP2C
CME FUTURES SYMBOL: RTP for the re-listed RTP1C; RT9 for the RTP2C
EFFECTIVE DATE: July 8, 2009
MULTIPLIER: 100 (e.g., 1.00 equals $100.00)
NEW DELIVERABLE PER CONTRACT: No change
APPLICABLE CONTRACT MONTHS: July, August, September, December 2009
SETTLEMENT PRICES AND POSITIONS: The start of day prices for Wednesday, July 8, 2009 shall be reduced by the special cash distribution amount (i.e. $22.806123) and rounded to the nearest penny from the Tuesday, July 7, 2009 settlement prices.
Please note that the valuation would apply only to the RTP2C deliverable in terms of current market value of the deliverable securities. The resulting price would not be equivalent to the daily settlement price of a futures contract month, whose determination would include cost of money carrying charges, adjustment for dividends, and other factors.
NOTES: The forecasted effect of the upcoming corporate event on each clearing firm’s positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
The details after the corporate event has been applied can be viewed in the Corporate Event Activity Report (ONE711).
If you have any questions regarding the information provided in the document, please call CME Clearing Risk Management hotline at (312) 648-3888.